Small Business

The business sector in the Republic of Belarus is promisingly developing, gradually increasing its contribution to overall economic growth. It largely contributes to the formation of a competitive environment and production of consumer goods, and also significantly expands the range of services provided to the population, which generally gives additional stability to the Belarusian economy. The share of gross domestic product (GDP), formed by business entities in the country's GDP at the end of 2017 was 28,5%, the share of exports 47,2%, investment share –34.4%.

The actions undertaken by the state are aimed at improving the business environment, facilitating Belarus’ entry into the number of countries with the most favorable conditions for doing business. For example, in 2016–2017, the Belarusian authorities adopted a number of documents aimed at solving the acute problems of the Belarusian economy, the emancipation of entrepreneurship and creation of conditions for long-term economic growth. In 2016, the State program “Small and medium-sized entrepreneurship in the Republic of Belarus” for 2016–2020 was adopted. Among its main tasks is the reduction of administrative barriers to doing business; an increase in the total number of small and medium-sized business entities employed in micro-organizations; creation of comfortable conditions for the development of business environment efficiency, an increase to 40% of the share of small and medium-sized businesses in the gross value added of the country.

For over a decade, the country has been conducting a dialogue between business and government through the implementation of the document “National Business Platform of Belarus”, where concrete proposals and suggestions are made to improve the competitiveness of the economy, business climate and domestic entrepreneurship. Each year, a new document is prepared, taking into account changes in the legislation and modern realities. For example, in early 2018, the National Business Platform of Belarus-2018: From Opportunity to Reality was developed. Over the past years, more than 450 proposals have been implemented, which contributed to the improvement of the country’s business climate and the conditions for doing business.

A number of measures for business growth are provided by the Resolution of the Council of Ministers No. 18 of January 12, 2017 “On approving a set of measures to implement the Program of Social and Economic Development of the Republic of Belarus for 2016–2020”. Decree No. 7 “On the Development of Entrepreneurship” was signed by the President of the Republic of Belarus on November 23, 2017. The decree is aimed at improving the business climate in the country, creating new industries, family business, shops, cafes and hairdressers, as well as developing self-employment and creating new jobs in the country.

Pro Business

Republican Confederation of Entrepreneurship

Council for Entrepreneurship Development